Specialist mental health trust behind income target

3rd March 2011

The Tavistock and Portman Foundation Trust, specialist mental health trust has revealed that it is £721,000 behind income target.

At month 10 (January), the organisation – which has a budget of some £32m - also revealed that it surplus of £259,000 was behind budget by £159,000. Around half the income shortfall comes from lower than expected consultancy earnings, which were £340,000 under plan. However, the finance report said: “But allowing for the contingency reserve, we are still well in line to achieve the year-end budget of £150,000.”